Page 1149 - Markets News
Bulls have tired legs, look for fresh triggers; indices end in the red
Equity benchmarks decline amid profit-booking, Red Sea tensions
 "Bulls have tired legs, look for fresh triggers; indices end in the red")
Attractive spreads drive arbitrage funds to better returns in 2023
Staged strong comeback last year, stole march over debt funds to post best performance in 8 years
 "Attractive spreads drive arbitrage funds to better returns in 2023")
Better risk-reward, FPI flows augur well for LargeCap MFs in 2024: Analysts
Valuation is comfortable for large-caps, but there is little margin of safety in the broader market categories, analysts said
 "Better risk-reward, FPI flows augur well for LargeCap MFs in 2024: Analysts")
Crude oil advances as Iran warship in the Red Sea escalates tensions
Brent crude climbed as much as 2.6 per cent to top $79 a barrel, before paring some of that gains
 "Crude oil advances as Iran warship in the Red Sea escalates tensions")
Sebi chooses to tread cautiously, no rush to stretch market hours
Moscow Exchange in Russia allows equity derivatives trading from 7 am to midnight, and Eurex Exchange is open until 10 pm
 "Sebi chooses to tread cautiously, no rush to stretch market hours")
Dollar set for biggest daily jump since October as US bond yields rebound
The dollar index, which measures the U.S. currency against six counterparts, was last up 0.67% at 102.05, on track for its biggest daily percentage gain since October
 "Dollar set for biggest daily jump since October as US bond yields rebound")
Esconet Technologies files draft papers to raise funds through IPO
The initial public offering (IPO) is entirely a fresh issuance of up to 33,60,000 equity shares, with a face value of Rs 10 each
 "Esconet Technologies files draft papers to raise funds through IPO")
Sensex drops 379 pts, Nifty nears 21,650 amid Covid scare; pharma stocks up
Closing Bell on January 2, 2024: Among sectors, the Nifty Pharma index zoomed 2.5 per cent, followed by the Nifty Media index (0.43 per cent), and the Metal index (0.26 per cent)
 "Sensex drops 379 pts, Nifty nears 21,650 amid Covid scare; pharma stocks up")
VST Industries freezes in 20% upper circuit as 3% equity changes hands
As of 12:04 PM; as many as 449,389 equity shares, representing 2.9 per cent of total equity of VST Industries, changed hands on the BSE, exchange data showed
 "VST Industries freezes in 20% upper circuit as 3% equity changes hands")
Stock of this pharma company has nearly doubled against its issue price
Mankind hit record high of Rs 2,132.10, rallied 8% in intra-day trade and zoomed 97% against its issue price of Rs 1,080 per share.
 "Stock of this pharma company has nearly doubled against its issue price")
Rally in tech stocks in India faces earnings test as growth worries linger
While the rally was initially driven by a global rebound in tech stocks, the Federal Reserve's dovish pivot at the December policy meeting turbocharged the run
 "Rally in tech stocks in India faces earnings test as growth worries linger")
5 Reasons why Sensex fell 650 pts, Nifty below 21,600 intra-day on Tuesday
The S&P BSE Sensex fell over 650 points, while the NSE Nifty 50 shed nearly 200 points in intra-day trades on Tuesday, January 02.
 "5 Reasons why Sensex fell 650 pts, Nifty below 21,600 intra-day on Tuesday")
YES Bank hits 52-week high in dismal trade; stock soars 14% in 4 days
In the past two months, the stock has zoomed 48% and is currently trading at its highest level since December 2022
 "YES Bank hits 52-week high in dismal trade; stock soars 14% in 4 days")
Corporate bosses' message for 2024: Focus on people, tech, geopolitics
In his letter this week, Adani said, there are lessons from the Hindenburg episode, which he would share with his workforce later
 "Corporate bosses' message for 2024: Focus on people, tech, geopolitics")
JBM Auto rallies 23% in 3 days on plan to deliver 2,000 e-buses in FY24
At 10:44 AM; the stock was trading 3 per cent higher at Rs 1,670 on the BSE. In comparison, the S&P BSE Sensex was down 0.67 per cent at 71,787
 "JBM Auto rallies 23% in 3 days on plan to deliver 2,000 e-buses in FY24")
As Covid-19 cases rise in India; should you keep pharma stocks on radar?
Barring Dr Lal Pathlabs, the other four healthcare related stocks listed below seem to be trapped in a range for now, charts suggest.
 "As Covid-19 cases rise in India; should you keep pharma stocks on radar?")
Lemon Tree Hotels surges 9% to record high on strong earnings expectations
A combined 17.23 million equity shares, representing 2.17 per cent of total equity of Lemon Tree, changed hands in the first 40 minutes of trade on the NSE and BSE
 "Lemon Tree Hotels surges 9% to record high on strong earnings expectations")
Stocks to Watch today, Jan 2: BHEL, Coal India, LIC, Nestle, TVS Motor
Stocks to Watch on Tuesday, January 2, 2024: BHEL has clarified that it has not bagged the order worth Rs 19,400 crore from NLC India Ltd
 "Stocks to Watch today, Jan 2: BHEL, Coal India, LIC, Nestle, TVS Motor")
Nifty Financial seen rangebound; Nifty PSU Bank faces resistance at 5,800
Nifty PSU Bank index has encountered notable resistance around the 5800 levels. The recommended trading strategy thus involves selling on rallies with a prudent stop-loss, says Ravi Nathani
 "Nifty Financial seen rangebound; Nifty PSU Bank faces resistance at 5,800")
Rupee trades narrowly on 2024's first day, settling at Rs 83.24 a dollar
The narrow movement can be attributed to a combination of factors, including the weakening of the dollar index, and the Reserve Bank of India's proactive measures to maintain stability
 "Rupee trades narrowly on 2024's first day, settling at Rs 83.24 a dollar")